William Hill obtains approval for MRG takeover

The bookmaker has obtained all necessary approvals to acquire MRG Group.

UK.- William Hill has announced that it has been granted approvals from authorities in all necessary jurisdictions to acquire MRG Group. The company had announced a recommenced public cash offer to the shareholders of Mr Green & Co (MRG) to tender all their shares to William Hill back in October 2018.

The final offer of €246 million was worth SEK69 per share. As the company has been granted approvals from the competition authorities in all necessary jurisdictions, the offer is no longer conditional upon any approvals from authorities. The last day to accept the offer is January 17, and if by January 21 the conditions for the offer have been satisfied, settlement is expected to begin around January 25.

Commenting on the original tabling of the offer to MRG, William Hill CEO Philip Bowcock said that William Hill will move from a single brand to a suite of brands that can maximise growth opportunities moving forward in new and existing markets. “MRG will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries.”